CREDIT UNIONS IN THE STATE OF WASHINGTON DBA AMERICAN LAKE CREDIT UNION (EIN 910564948) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1948

Legal Domicile

Principal Officer

KOLIN MCMANN

Phone

2535840079

Tax Period

2023-01-01 to 2023-12-31

CREDIT UNIONS IN THE STATE OF WASHINGTON DBA AMERICAN LAKE CREDIT UNION, founded in 1948, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $3.1M left a modest 4% surplus.

Mission

AMERICAN LAKE CREDIT UNION IS A FINANCIAL COOPERATIVE DEDICATED TO HELPING MEMBERS IMPROVE THEIR FINANCIAL STATUS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,189,437

Investment Income $995,150

Other Revenue $1,065

TOTAL REVENUE $3,185,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,264,463

Fundraising Expenses $0

Program Expenses $3,070,215

Other Expenses $1,805,752

TOTAL EXPENSES $3,070,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,185,652	$2,484,694	+0.3%
Expenses	$3,070,215	$2,683,112	+0.1%
Net Income	$115,437	$-198,418	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$482,521

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KOLIN MCMANN	CEO	55.00	Officer	$210,385	$17,211	$227,596
GLEN DAVOCOL	VP OPERATIONS	55.00	Officer	$110,171	$31,501	$141,672
CHERYL BEESON	VP ADMIN	55.00	Officer	$93,924	$19,329	$113,253
ROBERT DERMANN	Secretary	1.00	Director	$0	$0	$0
ROGER ERICKSON	Treasurer	1.00	Director	$0	$0	$0
BRIAN HAGEL	Director	1.00	Director	$0	$0	$0
DONALD HAM	Director	1.00	Director	$0	$0	$0
DONALD HOFFMAN	Director	1.00	Director	$0	$0	$0
CONNIE HYNDMAN	Director	1.00	Director	$0	$0	$0
DEIDRA MCLAUCHAN	Director	1.00	Director	$0	$0	$0
GLEN NEAL	VICE CHAIR	1.00	Director	$0	$0	$0
WILLIAM DISBROW	Chairman	1.00	Director	$0	$0	$0
MARLENE GRANTHAM	Director	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,185,652	$3,070,215	$64,344,364	$115,437
2022	$2,484,694	$2,683,112	$70,051,462	$-198,418
2021	$2,831,758	$2,573,758	$72,320,270	$258,000
2020	$3,247,107	$2,861,372	$68,754,541	$385,735
2019	$3,201,535	$3,173,338	$66,838,755	$28,197
2018	$3,093,397	$3,258,289	$68,572,315	$-164,892

CREDIT UNIONS IN THE STATE OF WASHINGTON DBA AMERICAN LAKE CREDIT UNION